Endeavour Silver to Sell Bolañitos Mine to Guanajuato Silver

Endeavour Silver ( (TSE:EDR) ) has shared an update.

Endeavour Silver Corp. has entered into a definitive agreement to sell its Bolañitos gold-silver mine in Mexico to Guanajuato Silver Company Ltd. for up to $50 million. This transaction is part of Endeavour’s strategy to focus on its core silver assets, such as the Terronera and Pitarrilla projects, positioning the company for sustainable growth and enhancing its market position in the silver mining industry.

The most recent analyst rating on (TSE:EDR) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Spark’s Take on TSE:EDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:EDR is a Neutral.

Endeavour Silver’s overall stock score is primarily impacted by its financial performance, which is weighed down by significant profitability and cash flow challenges. Technical analysis indicates bearish momentum, further affecting the score. Valuation is unattractive due to a negative P/E ratio and lack of dividend yield. While the earnings call highlighted growth and production milestones, these were offset by increased costs and net losses, resulting in a balanced sentiment.

To see Spark’s full report on TSE:EDR stock, click here.

More about Endeavour Silver

Endeavour Silver Corp. is a mining company primarily focused on the exploration, development, and production of silver and gold properties in Mexico. The company aims to maximize the potential of its silver portfolio and reinforce its leadership in the silver mining sector.

YTD Price Performance: 76.70%

Average Trading Volume: 1,687,810

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$2.99B

See more data about EDR stock on TipRanks’ Stock Analysis page.